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What is the market value of a bond that will pay a total of 15 annual coupons of $100 each over the remainder of its

What is the market value of a bond that will pay a total of 15 annual coupons of $100 each over the remainder of its life? Assume the bond has a $1,000 face value and a 7%/year yield to maturity.

Select one:

a. 1,171.19

b. $1,273.24

c. $1,196.36

d. $634.86

e. $1,135.90

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